Friday, January 11, 2013

Conservative on Target! 1/10/13

Our New $1 Bill

No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth!

One: Push low-interest-rate madness that makes putting money in a bank’s saving account more or less the equivalent of stuffing cash in your mattress and encourages people to turn to higher risk stock market speculation, or, worse, to take comfort in the “increasing equity” in their houses. It also makes Wall Street drunk from cheap credit so that they make horrific gambles using 30-1 leverage.

Two: When the completely foreseeable crash comes, use the public funds that are mostly taxed from the middle class or borrowed in their name in order to rescue Wall Street, especially the riskiest “players.” That way, the people who made the most money during the boom years will get to stay afloat while those didn’t make that kind of money will see what net worth they had vanish into smoke.

Three: Then sit back and watch Wall Street use the money you looted from the middle class and transferred to them to buy up depressed assets in the recession, such as housing. Now, the people who led us into the crash, made the crash happen, and promised we were doing fine, basically become the landlords for the Americans they impoverished.